Theo Casey, Investment Director of The Fleet Street Letter and member of The Right Side editorial team, discusses the merits of gold, the bull’s run, and how to get in on the action.

Theo Casey (The Right Side, UK):
While you were sleeping, gold hit another record high.

At last count it was at $1179.

So, while my heart tells me it’s time to take some money off the table, my head tells me that’s not the right side of the trade.
The gravity-defying gold rush is still on. If you already own some, you’re golden so to speak. If you don’t own any, read on to learn a few ways to take part in the rally that everyone’s talking about.

But first, a confession…

Given the many twists and turns in the gold market, I must admit that I’ve taken my eye off the ball. It’s not often that one asset finds friends among so many different investors groups.

I’m used to investing in a stock with a strong retail following. Or a derivative contract popular among traders. Or a fund gathering a lot of IFA interest. With every investment I make, I try to identify its key demographic… and stalk it relentlessly.

I find the people that count and listen to them, quiz them and track their activity to get the inside scoop. By mixing detective work with good old fashioned fundamental analysis, I aim to get the story behind the figures.

This is what I’ve been trying to do with gold.

On top of the generic case for gold…

It’s the one currency that cannot be devalued, hence the most valuable in a time of competitive devaluation by the UK, US, etc.

…I have been looking for the leading lights on the gold market and following their cues.

The exhausted gold detective

As I say, there have been too many cues to follow…

Click here for the rest of Mr. Casey’s insights on the run-up and run-to Gold, at Fleet Street Invest, UK.